| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 87.0 | 14.9% | 5.00% | 0.23 | 4.53% | +20 I-curve | 2026-06-15 | A-1+ | P-1 |
| Class A-2a | 96.6 | 16.5% | 5.00% | 1.03 | 4.71% | +66 I-curve | 2028-07-15 | AAA | Aaa |
| Class A-2b | 96.6 | 16.5% | 5.00% | 1.03 | floating | +66 SOFR | 2028-07-15 | AAA | Aaa |
| Class A-3 | 193.2 | 33.1% | 5.00% | 2.40 | 4.67% | +77 I-curve | 2030-04-15 | AAA | Aaa |
| Class A-4 | 53.0 | 9.1% | 5.00% | 3.56 | 4.79% | +87 I-curve | 2033-02-15 | AAA | Aaa |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | Harley-Davidson Credit Corp. |
|---|---|
| Servicer | Harley-Davidson Credit Corp. |
| Depositor / Transferor | Harley-Davidson Customer Funding Corp. |
| Indenture Trustee | to the indenture trustee |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | to the asset representations reviewer |
| Underwriters | Barclays Capital, BMO Capital Markets, Lloyds Securities, Mizuho Securities, MUFG Securities Americas, Citigroup Global Markets |
| HDMT 2025-A | HDMT 2024-B | HDMT 2024-A | HDMT 2023-B | HDMT 2023-A | HDMT 2022-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-05-28 | 2024-09-25 | 2024-05-22 | 2023-09-27 | 2023-02-23 | 2022-04-20 | 424B5 |
| Pool balance | $584.4MM | $663.1MM | $607.8MM | $580.2MM | $628.5MM | $607.8MM | 424B5 |
| WA Credit Score | 752−6 | 758 | 758 | 758 | 758 | 756 | 424B5 |
| WA APR | 9.86%+0.95pp | 9.35% | 9.43% | 8.91% | 7.51% | 7.22% | 424B5 |
| WA original term mo | 70.00.0 | 70.0 mo | 70.0 mo | 70.0 mo | 71.0 mo | 71.0 mo | 424B5 |
| % new vehicles | 72.8% | 74.4% | 70.5% | 63.9% | 61.3% | 64.0% | 424B5 |
| Geo top-3 | TX 13.4% CA 9.4% FL 8.7% | TX 11.7% CA 9.5% FL 8.3% | TX 11.3% CA 9.9% FL 8.6% | TX 10.7% CA 9.8% FL 7.5% | CA 10.3% TX 9.3% FL 6.8% | TX 11.1% CA 10.5% FL 9.5% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 5.00%0.00pp | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | calc |
| Enhancement, target | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | calc |
| Subordinate notes | 0.0%0.0pp | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | calc |
| OC (initial) | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 424B5 |
| OC target | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 424B5 |
| OC floor | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +77 bps+4bps A-3 · 2.4y | — | +68 bps A-3 · 2.3y | +88 bps A-3 · 2.5y | +73 bps A-3 · 2.4y | — | FWP |
| Terms | |||||||
| Tranches | 5 | 4 | 4 | 4 | 5 | 5 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| HDMT 2025-A | NAROT 2025-A | GMCAR 2025-2 | WOART 2025-B | HAROT 2025-2 | CAOT 2025-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2025-05-28 | 2025-05-27 | 2025-05-14 | 2025-05-14 | 2025-05-08 | 2025-05-02 | 424B5 |
| Pool balance | $584.4MM | $1,668.5MM | $984.2MM | $1,281.8MM | $2,483.1MM | $1,410.6MM | 424B5 |
| WA Credit Score | 752−17 | 789 | 782 | 756 | 769 | 758 | 424B5 |
| WA APR | 9.86%+3.37pp | 4.46% | 6.75% | 6.49% | 4.89% | 9.30% | 424B5 |
| WA original term mo | 70.0+2.8 | — | 69.0 mo | 67.9 mo | 62.1 mo | 66.4 mo | 424B5 |
| % new vehicles | 72.8% | 6.9% | 87.9% | 96.4% | 86.1% | 0.0% | 424B5 |
| Geo top-3 | TX 13.4% CA 9.4% FL 8.7% | TX 14.8% FL 7.3% CA 6.7% | TX 12.2% FL 7.7% NY 6.2% | FL 47.7% GA 18.7% NC 15.4% | CA 16.9% TX 9.9% FL 6.2% | CA 17.8% TX 9.9% FL 7.6% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 5.00%+0.25pp | 4.25% | 6.10% | 4.75% | 2.75% | 5.55% | calc |
| Enhancement, target | 5.00% | 4.25% | 6.10% | 5.65% | — | 5.55% | calc |
| Subordinate notes | 0.0%−3.1pp | 1.5% | 3.1% | 4.5% | 0.0% | 4.6% | calc |
| OC (initial) | 4.75% | 2.50% | 2.75% | 0.00% | 2.50% | 0.75% | 424B5 |
| OC target | 4.75% | 2.50% | 2.75% | 0.90% | — | 0.75% | 424B5 |
| OC floor | 4.75% | 2.50% | 2.75% | 0.50% | — | 0.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | n.a. | 7.79% | 2.86% | 5.38% | n.a. | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +77 bps+19bps A-3 · 2.4y | +58 bps A-3 · 2.4y | +53 bps A-3 · 2.4y | +61 bps A-3 · 2.7y | +54 bps A-3 · 2.4y | +72 bps A-3 · 2.7y | FWP |
| Terms | |||||||
| Tranches | 5 | 6 | 7 | 7 | 5 | 8 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
No performance data available for this issuer.
Interactive view: Performance ↗